studyblogThe private equity firm Bain Capital sold the remaining 1.08% stake in Axis Bank for Rs 3,575 crores via an open market transaction. The transaction involved the sale of 33.37 million shares at Rs. 1,071 per share on the BSE (formerly Bombay Stock Exchange).
- BofA Securities India Ltd (formerly known as DSP Merrill Lynch Limited) is the exclusive bookrunner for the transaction.
Subsidiary Sell-offs:
i.Integral Investments South Asia IV, a Bain Capital subsidiary, sold 8.35 million shares.
ii.BC Asia Investments VII and BC Asia Investments III sold 14.5 million and 10.5 million shares, respectively.
Note: Bain Capital acquired a stake in Axis Bank in November 2017. In December 2023, it sold 1.1% of its Axis Bank shares for approximately Rs 3,700 Crore in an open market sale.
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